Company announcement no. 8/2018
Interim report – Q3 2017/18 (the period 1 November 2017 – 31 July 2018)
Full-year guidance for 2017/18 maintained
The Board of Directors of Roblon A/S has today considered and approved the interim report for Q3 2017/18
Summary of Q1-Q3 2017/18 for the Roblon Group:
- The order intake was DKKm 178.2 (DKKm 171.4).
- The order book at 31 July 2018 stood at DKKm 71.4 (DKKm 52.7).
- Revenue was DKKm 156.9 (DKKm 146.4).
- Operating profit (EBIT) was DKKm 5.9 (DKKm 18.6).
- Profit before tax was DKKm 8.2 (DKKm 20.3).
- Revenue and operating profit/loss for Q3 2017/18 were adversely impacted by postponed orders in the Composite product group. Some of these orders have been placed after the end of Q3 2017/18 and will contribute to the Group’s revenue and operating profit for Q4 2017/18.
- Profit after tax for continuing and discontinued operations was DKKm 13.3 (DKKm 20.0).
- In April 2018, the Group invested DKKm 13.7 in acquisition of business activities in the USA, and in that connection signed a three-year project contract with an expected revenue potential of USDm 15-20. The project contract includes an option to extend the delivery of fibre-based solutions for the wind turbine industry beyond the three-year project period.
- As stated in Company Announcement no. 2/2018, Roblon concluded an agreement in February 2018 to sell the greater part of the Roblon Engineering segment. Profit/loss from the divested business is reported under discontinued operations, and comparative figures have been restated.
- In Company Announcement no. 7/2018, Roblon downgraded its guidance for the 2017/18 financial year for continuing operations. This guidance is maintained: Revenue of around DKKm 235 (2016/17: DKKm 198.6), compared with the previous guidance of DKKm 255, and profit before tax of around DKKm 20 (2016/17: DKKm 21.6), compared with the previous guidance of DKKm 28.
Frederikshavn, 11 September 2018
Roblon A/S
Jørgen Kjær Jacobsen Lars Østergaard
Chairman of the Board Managing Director and CEO
Enquiries regarding this announcement should be addressed to:
Managing Director and CEO Lars Østergaard, tlf. +45 9620 3300
Roblon A/S
Nordhavnsvej 1
DK-9900 Frederikshavn
CVR no. 57 06 85 15
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